Binance has unveiled Hamster Kombat (HMSTR) as the 58th project on its Launchpool platform, allowing users to earn the new token by staking BNB and FDUSD. The HMSTR token will officially be listed on Binance on September 26, 2024, at 12:00 UTC, marking its debut on the exchange.
Starting September 19, 2024, users can farm HMSTR tokens on Launchpool until September 25, 2024. A total of 3 billion HMSTR tokens—3% of the total supply—will be available for distribution as rewards. Of these, 85% (2.55 billion HMSTR) will be allocated to the BNB pool, and 15% (450 million HMSTR) to the FDUSD pool. Each pool will have an hourly hard cap of tokens to ensure fair distribution: 1.52 million HMSTR in the BNB pool and 267,857 HMSTR in the FDUSD pool.
With a total supply of 100 billion tokens, HMSTR is set for wide circulation. Trading pairs such as HMSTR/USDT, HMSTR/BNB, FDUSD, and TRY will be available upon its listing. Notably, the token has been given a “seed” tag, indicating its early-stage development.
Additionally, Binance has introduced HMSTR Super Earn, enabling users to lock their tokens in Simple Earn for a special APR, though the exact rate has yet to be announced. This limited-time offer aims to boost user returns.
Binance has issued a warning to users to be vigilant about potential scams offering HMSTR tokens before the official launch. The exchange requires participants to complete the KYC process to enhance security and protect users from fraud.
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